BVN : Reps summons CBN over breaches

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The House of Representatives has summoned the Governor of the Central Bank of Nigeria, Godwin Emefiele, over some possible breaches in the operation of the Bank Verification Numbers (BVN).

The Governor of the apex bank is also expected to explain why bank customers should be made to disclose their BVN to third parties, especially while transacting businesses with Bureau de-Change (BDC) operators, as contained in the new guidelines.

A motion on the matter was raised by Honourable Abubakar Nuhu, as a matter of urgent public importance.

The lawmaker expressed worries that the new guideline would pose more problems to Nigerians.

Mr Nuhu further expressed worries that in an era of internet fraud, the CBN’s directive would endanger Nigerians’ hard earned money and cause even more danger than it was meant to solve.

The motion was, however, adopted unanimously and referred to the House Committee on Banking and Currency for further legislative action.

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